Question
The Emerging Growth and Equity Fund is a low-load fund. The current offer price quotation for this mutual fund is $14.3, and the front-end load
| The Emerging Growth and Equity Fund is a low-load fund. The current offer price quotation for this mutual fund is $14.3, and the front-end load is 1.25 percent. |
| 1. | What is the NAV? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Net asset value | $ |
| 2. | If there are 14.1 million shares outstanding, what is the current market value of assets owned by the fund? (Omit the "$" sign in your response.) |
| Market value of assets | $ |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
